A global crisis is at hand! Iran's move regarding Hormuz shakes the world.

A global crisis is at hand! Iran's move regarding Hormuz shakes the world.

31.03.2026 06:50

The Iranian Parliament has passed a bill in committee that imposes fees for passage through the Strait of Hormuz and prohibits passage for the United States and Israel. The bill includes a fee application based on rials, restrictions on countries participating in sanctions, and aims to increase Iran's authority over the strait. If enacted, it could have significant effects on global energy trade and geopolitical balances.

The bill in the Iranian Parliament that will directly affect the passage through the Strait of Hormuz has passed an important stage. The regulation that passed through the National Security Commission includes a wide framework ranging from transit fees to restrictions on countries participating in sanctions.

A NEW ERA IN THE STRAIT OF HORMUZ HAS BEGUN

According to the Fars News Agency, Mojtaba Zarii, a member of the Iranian Parliament's National Security Commission, announced that the bill regarding the management of the Strait of Hormuz has been approved by the commission. The regulation concerning the strait, considered the heart of global energy transportation, is among the topics closely followed not only by Iran but also by world trade.

STRICT PROVISIONS AGAINST TRANSIT FEES AND SANCTIONS

Zarii stated that financial regulations hold significant importance in the content of the bill, expressing that transit fees are expected to be applied in Iran's national currency, the rial. Other notable provisions in the draft include a ban on transit to the USA and Israel, and restrictions on countries participating in unilateral sanctions against Iran.

Additionally, the bill includes topics such as strengthening Iran's sovereignty role over the strait, expanding the powers of the armed forces, maritime transportation security, and environmental regulations. The development of legal cooperation with Oman is also mentioned among the elements in the text.

THE LEGISLATION PROCESS CONTINUES

For the bill that has passed through the commission to come into effect, it needs to be approved by the General Assembly of the Iranian Parliament. Following that, the process will be completed with the approval of the Guardian Council and the signature of the President. If these stages are completed, a new implementation period may begin in the Strait of Hormuz.

Global Crisis at the Door from Iran

THE 2 MILLION DOLLAR TRANSIT FEE STATEMENT CAUGHT ATTENTION

On the other hand, Alaeddin Boroujerdi, a member of the Iranian Parliament's National Security and Foreign Policy Commission, stated in a statement on March 22 that transit fees of up to 2 million dollars are currently being charged for some ships passing through the Strait of Hormuz. This statement has further increased discussions regarding the economic dimension of the proposed bill.

GLOBAL TRADE AND ENERGY MARKETS ARE CLOSELY MONITORING

This step regarding the Strait of Hormuz, through which a significant portion of the world's oil trade passes, is considered a critical development for international energy markets and maritime trade. If the bill is enacted, it is commented that the geopolitical balances in the region and energy prices could be directly affected.

WHAT HAPPENS IF THE BILL BECOMES LAW?

If the bill becomes law, the Strait of Hormuz could transform from merely a transit point into a conditional and politically controlled corridor directly managed by Iran. This situation would primarily affect energy markets; since a significant portion of the world's oil and LNG flow passes through this strait, the pricing or restriction of transits would create rapid increases and fluctuations in prices. Insurance costs in maritime transportation would rise, voyages could decrease, and delays could occur in the global trade chain. A possible transit ban on the USA and Israel would escalate military tensions in the region and could turn Hormuz into a direct conflict zone. Additionally, the restrictions imposed on countries participating in sanctions would create a divergence in international trade. Overall, this step would be a development that increases economic pressure in a war environment, weakens energy security, and escalates the risk of a new crisis on a global scale.

US-ISRAEL'S ATTACKS ON IRAN

While negotiations continue between Tehran and Washington, Israel and the USA launched a military attack on Iran on February 28. Iran responded with attacks on targets it identified in some regional countries, including Qatar, the United Arab Emirates (UAE), and Bahrain, where US bases are located, in addition to Israel. In the US-Israel attacks, many high-ranking officials, including Iranian leader Ali Khamenei, were killed.

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